U.S. stock indexes shot up in early trade on Monday as encouraging data from a potential COVID-19 vaccine trial fueled optimism, while investors also counted on more stimulus to rescue the economy from a virus-driven slump.
Italians will be able to grab a cup of their favorite Starbucks coffee again after the group said on Monday it would reopen its Italian cafes, with the exception of its flagship location in central Milan.
Retirees who rely on Social Security may feel their monthly checks aren't stretching as far as they used to. And they're not wrong. Benefits have lost 30% of their buying power since 2000.
Nissan Motor Co is working on a plan to scale back its European business, focusing on sport utility and commercial vehicles as well as more effective sharing of products and investments with partner Renault, three sources told Reuters.
U.S. stocks surged on Monday, with the S&P 500 hitting a 10-week high, as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also hoping for stimulus to cushion the economic blow from the pandemic.
Asian shares were set to rise on Tuesday after data from an early-stage trial for a coronavirus vaccine lifted hopes for a near-term economic recovery, sending global equity markets and oil prices surging.
SoftBank Group Corp is in talks to sell "a significant portion" of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG , the Wall Street Journal reported on Monday citing unidentified sources.
SoftBank Group Corp is in talks to sell "a significant portion" of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday citing unidentified sources.
Dutch bank NIBC Holding NV said late on Monday it has agreed to pay its 2019 dividend to its proposed buyer, U.S. equity firm Blackstone Group Inc , before the deal settles, in order to remove one hurdle to the proposed 1.36 billion-euro ($1.47 billion) takeover.
British Cabinet Office minister Michael Gove said on Sunday that there was a post-Brexit trade deal to be done with the European Union providing the bloc compromised its stance, days after both sides said talks were making little progress.
Changes to guidance in the small business loan program may give ammunition to critics who charge that the government is too lax in its oversight.
Changes to guidance in the small business loan program may give ammunition to critics who charge that the government is too lax in its oversight.
The United States needs to quickly revise its coronavirus aid program for small businesses to extend the eight-week period in which the law currently requires companies to spend the money, a key U.S. senator said on Sunday.
The most important data for the U.S. economy right now are the "medical metrics" around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he outlined the likely need for three to six more months of government financial help for firms and families.
Walt Disney Co will partially reopen its Disney Springs entertainment and shopping complex at Walt Disney World Resort in Florida on May 20, it said late on Saturday.